Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Britain To Take On Big Tech With New Legal Powers

Britain To Take On Big Tech With New Legal Powers

The European Union last year brought in its own law to tackle big tech's dominance, despite fierce opposition from Google, Apple and others.
Britain said on Tuesday it would introduce a new law to rein in the power that big tech companies such as Google, Facebook and Amazon are able to wield to stifle competition in digital markets.

The legislation will also bolster protection for consumers by making it easier to opt out of online subscriptions and by making it easier to tackle fake reviews, the government said.

Britain's antitrust watchdog, the Competition and Markets Authority (CMA), set up a dedicated Digital Markets Unit two years ago, armed with the expertise to regulate new markets, such as social media.

But it has lacked the legal "teeth" to underpin its remit.

The bill, once passed by parliament, will rectify that by giving the DMU new powers over tech companies that have a global turnover of more 25 billion pounds ($31.2 billion) or a British turnover above 1 billion pounds.

The European Union last year brought in its own law to tackle big tech's dominance, despite fierce opposition from Google, Apple and others.

Under the planned British law, the CMA will be able to tailor rules for tech companies that meet it threshold to stop them unfairly disadvantaging smaller businesses and consumers.

For example, they could be told to provide more choice and transparency to customers, the government said.

If they breach the rules, they could be fined up to 10% of global turnover, it said.

CMA chief executive Sarah Cardell said the bill had the potential to be a "watershed moment" in protecting consumers and ensuring digital markets worked for the British economy.

"Digital markets offer huge benefits, but only if competition enables businesses of all shapes and sizes the opportunity to succeed," she said. "This bill is a legal framework fit for the digital age."
Newsletter

Related Articles

0:00
0:00
Close
Tucker Carlson says Boris Johnson wants "a million dollars, in Bitcoin or cash, from Tucker Carlson to talk about Ukraine.
Russia is rebuilding capacity to destabilize European countries, new UK report warns
EU Commission wants anti-drone defenses at Brussels HQ
Von der Leyen’s 2nd-term pitch: More military might, less climate talk
EU Investigates TikTok for Child Safety Concerns
EU Launches Probe Into TikTok Over Child Protection Under Digital Content Law
EU and UK Announce Joint Effort on Migration
Ministers Confirm Proposal to Prohibit Mobile Phone Usage in English Schools
Avdiivka - Symbol Of Ukrainian Resistance Now In Control Of Russian Troops
"Historic Step": Zelensky Signs Security Pact With Germany
"Historic Step": Zelensky Signs Security Pact With Germany
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Tucker Carlson grocery shopping in Russia. This is so interesting.
France and Germany Struggle to Align on European Defense Strategy
‘A lot higher than we expected’: Russian arms production worries Europe’s war planners
Greece Legalizes Same-Sex Marriage and Adoption Rights
Russia "Very Close" To Creating Cancer Vaccines, Says Vladimir Putin
Hungarian Foreign Minister: Europeans will lose Europe, the Union's policy must change drastically
Microsoft says it caught hackers from China, Russia and Iran using its AI tools
US Rejects Putin's Ceasefire Offer in Ukraine
The Dangers of Wildfire Smoke and Self-Protection Strategies
A Londoner has been arrested for expressing his Christian beliefs.
Chinese Women Favor AI Boyfriends Over Humans
Greece must address role in migrant vessel disaster that killed 600: Amnesty
Google pledges 25 million euros to boost AI skills in Europe
Hungarian President Katalin Novák Steps Down Amid Pardon Controversy
Activist crashes Hillary Clinton's speech, calls her a 'war criminal.'
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Trudeau reacts to Putin's mention of Canadian Parliament applauding a former Ukrainian Nazi in his interview with Tucker Carlson.
The Spanish police blocked the farmers protest. So the farmers went out and moved the police car out of the way.
Volodymyr Zelenskiy fires top Ukraine army commander
Tucker Carlson's interview with Vladimir Putin raises EU concerns
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
Russia's Economy Expands by 3.6% Due to Increased Military Spending
Ukraine MPs Vote To Permit Use Of Dead Soldiers' Sperm
German Princess Becomes First Aristocrat To Pose Naked On Playboy Cover
UK’s King Charles III diagnosed with cancer
EU's Ursula von der Leyen Confronts Farmer Protests Amid Land Policy Debates
Distinguishing Between Harmful AI Media and Positive AI-Generated Content: A Crucial Challenge for the EU
Tucker Carlson explains why he interviewed Putin
Dutch farmers are still protesting in the Netherlands against the government, following the World Economic Forum's call for 'owning nothing.'
Hungarian Prime Minister Viktor Orbán stands up for European farmers and says, 'Brussels is suffocating European farmers.
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
French farmers are not messing around.
The Dutch farmers have now BLOCKED the border crossing.
"STOP LYING"
Is Germany again the 'sick man of Europe'?
When dead children are just the price of doing business, Zuckerberg’s apology is empty
Employment and AI: A Double-Edged Sword
Thousands of Germans Protest Against Far-Right Party
×